Wednesday , 18 December 2024
Home Cryptocurrency Australia regulator pursuing Binance Australia Derivatives re consumer protection failures
CryptocurrencyForex

Australia regulator pursuing Binance Australia Derivatives re consumer protection failures

Australian Securities and Investments Commission (ASIC) has filed allegations in the Federal Court claiming that more than 500 retail clients of Oztures Trading Pty Ltd, operating as Binance Australia Derivatives (Binance), were incorrectly classified as wholesale clients, depriving them of essential consumer protections.

Between 7 July 2022 and 21 April 2023, Binance reportedly provided crypto derivative products to 505 Australian retail investors, who accounted for 83% of its local client base.

More here (link to ASIC)

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB’s Lane: It is prudent to maintain meeting-by-meeting approach

Also prudent not to pre-commit to any particular rate pathDisinflation process is...

Today’s gold price prediction by AI

Gold Futures Analysis: Key Levels and Near-Term Outlook 🏆📊February 2025 Contract |...

USDJPY Technical Analysis – All eyes on the FOMC decision

Fundamental OverviewThe USD continues to consolidate around the highs except against the...

Bitcoin Price Prediction by AI, 18 Dec 2024

🚀 Bitcoin Price Prediction by AI and: Key Levels to Watch for...